substantiation
Most businesses incur travel, meal, gift, and listed property expenses in the ordinary course of business. The IRS requires documentation in order to substantiate that these expenses have a legitimate business purpose and if substantiation is not present the IRS may disallow the expense altogether.
We know you have many options when it comes to accounting firms in St. Paul or the Twin Cities area, and we know weโre not the right fit for everyoneโbut when youโre ready to start a conversation, weโll be ready to listen. 
REDPATH INSIGHTS
- Redpath and Company Donates to Canvas HealthSt. Paul, Minnesota (January 21, 2020) โ Certified public accounting firm Redpath and Company, Ltd. (Redpath) has made a charitable contribution to Canvas Health.
- Redpath and Company Promotes Meagan Weber to DirectorSt. Paul, Minnesota (January 16, 2020)ย โ Certified public accounting firm Redpath and Company, Ltd. (Redpath) has promoted Meagan Weber to tax director.
- SECURE Act: Summary of Key Provisions In The New LegislationThe SECURE Act (Setting Each Community Up for Retirement) recently passed, and the effects on employer-sponsored retirement plans as well as individual tax situations are the most significant since the Pension Protection Act of 2006. The following are some important takeaways that take effect in 2020 unless otherwise noted.